Fullcircle Wealth LLC Makes New $630,000 Investment in Dollar General Co. (NYSE:DG)

Fullcircle Wealth LLC bought a new position in shares of Dollar General Co. (NYSE:DG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,644 shares of the company's stock, valued at approximately $630,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. IMG Wealth Management Inc. purchased a new position in shares of Dollar General in the 4th quarter valued at $25,000. Altshuler Shaham Ltd purchased a new position in Dollar General during the 4th quarter worth $25,000. Wilmington Savings Fund Society FSB purchased a new position in Dollar General during the 3rd quarter worth $33,000. Providence First Trust Co purchased a new position in Dollar General during the 4th quarter worth $33,000. Finally, Bogart Wealth LLC grew its position in Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after purchasing an additional 361 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the company's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the transaction, the executive vice president now owns 48,532 shares in the company, valued at approximately $4,596,951.04. This represents a 1.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.56% of the company's stock.

Dollar General Trading Down 2.3%

DG traded down $2.15 during trading on Monday, hitting $89.51. The company's stock had a trading volume of 5,486,240 shares, compared to its average volume of 3,973,684. The firm's 50 day moving average price is $87.67 and its 200-day moving average price is $79.60. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The stock has a market cap of $19.69 billion, a PE ratio of 14.75, a PEG ratio of 2.18 and a beta of 0.27. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $147.87.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same period in the previous year, the firm posted $1.83 EPS. Dollar General's revenue was up 4.5% on a year-over-year basis. On average, analysts expect that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were paid a $0.59 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.64%. Dollar General's dividend payout ratio (DPR) is presently 46.18%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Citigroup raised shares of Dollar General from a "sell" rating to a "neutral" rating and increased their price target for the stock from $69.00 to $101.00 in a report on Monday, April 7th. Bank of America lowered their price objective on Dollar General from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Dollar General in a report on Monday, May 5th. Morgan Stanley lowered their price objective on Dollar General from $100.00 to $80.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. Finally, Truist Financial lifted their price objective on Dollar General from $76.00 to $93.00 and gave the company a "hold" rating in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $95.16.

Dollar General Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.